Sinda (SIND) director reports 50,000 options expiring 2031
Rhea-AI Filing Summary
Sinda Ltd. director Lamb Graeme Cameron Maxwell reported his initial beneficial ownership, consisting of a stock option to purchase common shares. The option covers 50,000 underlying common shares at an exercise price of $2.10 per share, was granted on May 28, 2021, is fully vested, and expires on May 28, 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lamb Graeme Cameron Maxwell
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 50,000 shares (Direct)
Footnotes (1)
- F1. These stock options were granted on May 28, 2021 and are fully vested.
Key Figures
Underlying shares: 50,000 shares
Exercise price: $2.10/share
Expiration date: May 28, 2031
+1 more
4 metrics
Underlying shares
50,000 shares
Underlying common stock for reported stock option
Exercise price
$2.10/share
Exercise price of stock option
Expiration date
May 28, 2031
Option expiration
Grant date
May 28, 2021
Date options were granted
Key Terms
Stock Option (Right to Buy), fully vested, exercise price, expiration date
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
fully vested financial
"These stock options were granted on May 28, 2021 and are fully vested."
exercise price financial
"conversion_or_exercise_price: 2.1000"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: 2031-05-28T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What does Sinda Ltd. (SIND) director Lamb Maxwell report on this Form 3?
He reports initial beneficial ownership of a stock option linked to Sinda Ltd. common stock. The option represents his right to acquire shares under a previously granted, now fully vested equity award, rather than a new market purchase or sale of stock.
What is the exercise price of Lamb Maxwell’s Sinda Ltd. (SIND) stock option?
The option has an exercise price of $2.10 per share. This means he can buy Sinda Ltd. common shares at $2.10 each upon exercise, regardless of the market price, as long as the option remains outstanding and unexpired.
When does Lamb Maxwell’s Sinda Ltd. (SIND) stock option expire?
The option expires on May 28, 2031. After this expiration date, he would lose the right to purchase the 50,000 underlying Sinda Ltd. common shares at the $2.10 exercise price specified in the option grant.
Is Lamb Maxwell’s Sinda Ltd. (SIND) stock option fully vested?
Yes, the footnote states the stock options were granted on May 28, 2021 and are fully vested. Being fully vested means he has an immediate and unconditional right to exercise the option for the underlying 50,000 common shares.
Does this Sinda Ltd. (SIND) Form 3 show any recent stock purchases or sales?
No, the Form 3 reflects a holding entry for an existing stock option position. It does not report recent open-market purchases or sales of Sinda Ltd. common shares, only the terms of the outstanding, fully vested option award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
